Stock trading volume crashes by 78%, investors lose N51bn

Stock trading volume crashes by 78%, investors lose N51bn

Stock market activities on Monday declined as trading volume and value of shares dropped by 77.99 per cent and 73.49 per cent respectively, with investors losing N51.03bn as trading ended. The Nigerian Exchange Limited, formerly Nigerian Stock Exchange All-Share index dropped by 0.25 per cent to close at 38,864.33 basis points from 38,962.28bps. The market […]

Buy-interest In GTCO, Oando, Others LiftStock Market by N11bn

Buy-interest In GTCO, Oando, Others LiftStock Market by N11bn

Darasimi Adebisi The equities market of the Nigerian Exchange Limited (NGX) yesterday closed trading activities on a positive note, halting the three consecutive trading losses as investors’ investment went up by N11 billion. The positive performance was driven by investors’ buy-interest in Insurance, Oil & Gas, and Consumer Goods stocks listed on the NGX. Consequently, […]

Nigeria: Sell-Sentiment On Insurance, Industrial Goods Sectors Drags Stock Market Lower By U.S.$123 Million

Nigeria: Sell-Sentiment On Insurance, Industrial Goods Sectors Drags Stock Market Lower By U.S.$123 Million

The Nigerian equities market yesterday closed transactions on a negative sentiment to halt the bullish sentiment of two consecutive trading sessions at the close of trade last Friday, as investors lost N51.03billion. The downturn was buoyed by investors’ sell-sentiment on the Insurance and Industrial Goods sector. In summary, the Nigerian Exchange Limited (NGX) All-Share Index […]

NGX sustains sliding profile as capitalisation dips further by N17bn

NGX sustains sliding profile as capitalisation dips further by N17bn

Nigerian Exchange Group (NGX) Despite price gains that outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) sustained a sliding profile yesterday, causing market capitalisation to dip further by N17 billion. Yesterday, the All-Share Index (ASI) shed 32.57 absolute points, representing a decrease of 0.08 per cent to close at 38,873.85 […]

NGX reverses gains as Eterna, 16 others drag capitalisation by N30bn

NGX reverses gains as Eterna, 16 others drag capitalisation by N30bn

Nigerian Exchange Group (NGX) Transactions on the floor of Nigerian Exchange Limited (NGX) reversed gains to close on a downturn yesterday as losses in the shares of Eterna, and 16 others dragged market capitalisation by N30 billion. Specifically, at the close of trading yesterday, the All-Share Index (ASI) depreciated by 57.03 absolute points, representing a […]

Sell-sentiment on Insurance, Industrial Goods Sectors Drags Stock Market Lower by N51.03bn

Sell-sentiment on Insurance, Industrial Goods Sectors Drags Stock Market Lower by N51.03bn

Darasimi Adebisi The Nigerian equities market yesterday closed transactions on a negative sentiment to halt the bullish sentiment of two consecutive trading sessions at the close of trade last Friday, as investors lost N51.03billion. The downturn was buoyed by investors’ sell-sentiment on the Insurance and Industrial Goods sector. In summary, the Nigerian Exchange Limited (NGX) […]

Nigeria: Profit-Taking Persist As Stock Market Commences Week On Negative Note

Nigeria: Profit-Taking Persist As Stock Market Commences Week On Negative Note

The Nigerian equities market yesterday closed on a negative note, to halt the two consecutive days of positive sentiment trading by investors at the close of business the previous week. At the close of trading yesterday, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) declined by 8.12 basis points, representing a drop of 0.02 per […]